Why does Label S - "Purchases and other costs" in the Financial Information of CTR includes the Closing Stock?
Modified on: Thu, 15 Jan, 2026 at 5:50 PM
QUESTION: Why does Label S - "Purchases and other costs" in the Financial Information of CTR includes the Closing Stock?
SUGGESTED ANSWER: Label S - "Purchases and other costs" in Financial Information of CTR is the total of Cost of Good Sold (Opening Stock+Purchases-Closing Stock) from the imported financials.
ATO related link: https://www.ato.gov.au/forms-and-instructions/company-tax-return-2025-instructions/instructions-to-complete-the-company-tax-return-2025/items-6-to-14/8-financial-and-other-information
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